Pradhan Mantri Jan Dhan Yojana – PMJDY account opening online Eligibility

pmjdy account opening online

PMJDY – Pradhan Mantri Jan Dhan Yojana

Now PMJDY Account Opening Online Process is Easy. Check Pradhan Mantri Jan Dhan Yojana Eligibility, ineligibility criteria and document required for the application process. PMJDY is a national financial inclusion initiative launched by the Government of India in 2014 to provide universal access to banking facilities, aiming for at least one basic banking account per household. in this page, you will know a complete details about PMJDY. So Keep Reading.

PMJDY 2024 Overview

As of 2024, the scheme has achieved near-universal coverage with over 52 crore beneficiaries and more than ₹228,747 crore deposited in their accounts. At the same time, The scheme is monitored from the central to district levels, with the Finance Minister as the Mission head and implementation committees at the state and district levels.

World Record Achievement: Recognized by Guinness World Records for “Most bank accounts opened in one week as part of the Financial Inclusion Campaign,” with over 18 million accounts opened in one week.

Additional Key features of the PMJDY scheme:

Basic Banking Accounts: Accounts come with an overdraft facility of up to ₹5,000, a RuPay debit card with an inbuilt accident insurance cover of ₹1 lakh, and a life insurance cover of ₹30,000 for accounts opened between August 2014 and January 2015.

Direct Benefit Transfers: Facilitates direct benefit transfers of government scheme payouts into beneficiaries’ accounts and provides access to other financial services like insurance and pension.

Documents Required to Open a PMJDY Account

  1. Identity Proof:
    • Aadhaar card
    • Voter ID card
    • Driving license
    • PAN card
    • Passport
  2. Address Proof:
    • Aadhaar card
    • Voter ID card
    • Driving license
    • Electricity/water/telephone bill
    • Ration card
    • MGNREGA job card
  3. Photograph:
    • Passport-size photograph

If standard identity or address proof documents are unavailable, banks can still open the PMJDY account after basic verification. Lack of documents does not automatically disqualify you. Hey Guys! You wants a PMAY Scheme Subsidy. Yes! We are Listing this pradhan mantri awas yojana apply online details on our site.

Account Opening Process

The process is paperless and can be completed using Aadhaar-based e-KYC. Bank staff will guide you through the entire process. Once the account is opened, you will receive a RuPay debit card with an inbuilt accident insurance cover of ₹1 lakh. After 6 months of maintaining an active account, you become eligible for an overdraft facility of up to ₹5,000.

Eligibility Criteria for a PMJDY Account Opening Online

  • Indian Citizen: You must be an Indian citizen aged 10 years or above.
  • Bank Access: You can open the account with any bank branch or Business Correspondent (Bank Mitra) outlet.
  • Documentation: Provide documents like Aadhaar card, voter ID, driving license, MGNREGA card, passport, or PAN card as proof of identity and address. If valid documents are not available, banks can still open the account after conducting background checks.
  • Minors: Minors above 10 years can open the account and get a RuPay debit card to withdraw money from ATMs.
  • Zero Balance: The account can be opened with zero balance.
  • Overdraft Facility: After remaining active for 6 months, the account holder becomes eligible for an overdraft facility of up to ₹5,000.

PMJDY Account Opening Online Ineligibility

  • Non-Indian Citizens: Only Indian citizens are eligible.
  • Minors Under 10 Years: The minimum age requirement is 10 years.
  • Existing Bank Accounts: Individuals with existing regular savings bank accounts are not eligible to open a new PMJDY account.
  • Dormant/Inactive Accounts: Individuals with dormant or inactive accounts may need to reactivate their existing accounts before opening a new PMJDY account.
  • NPAs or Defaulted Loans: Individuals with non-performing assets (NPAs) or defaulted loans may not be eligible, depending on the bank’s discretion.

If unsure about eligibility, visit the nearest bank branch or Business Correspondent outlet for guidance on the PMJDY account opening online process. The bank staff will provide specific requirements and assistance.